Edil San Felice S.p.a. · MIL:ESF
Edil San Felice — Investor Presentation (March 2025)
27 slides from Edil San Felice's investor presentation, Mar 28, 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION Mar 28, 2025 1
Slide 2: Disclaimer
DISCLAIMER “This document (the “Document”) has been prepared by Edil San Felice S.p.A. S.B. (“Edil San Felice”) The Document is confidential in nature and is for the internal use of the recipient (hereinafter the “Recipient”) who, upon receiving it, agrees not to distribute, make known or quote the
Slide 3: People Speaking Today
PEOPLE SPEAKING TODAY LORENZO DI PALMA VINCENZO DI PIETRO MARIKA SGRITTO CEO & FOUNDER CFO IR +20 years of experience at +25 years of experience in Graduate in Business Economics Edil San Felice accounting finance and control for Master’s degree in Finance 3rd generation - Funding Family companies i
Slide 4: ESF Business Overview
1. ESF BUSINESS OVERVIEWMODEL 4
Slide 5: A 40+ History of Growth and Diversification
A 40+ HISTORY OF GROWTH AND DIVERSIFICATION New branch in Emilia Romagna ESF lands on Euronext Growth Milan on 27 September 2023, first day of trading on the Euronext Growth Milan market. 51,6 45,8 The San Felice cooperative is born Lorenzo Francesco Di Palma founded 34,3 the San Felice cooperative
Slide 6: Who We Are
WHO WE ARE VISION WE ARE SPECIALIZED IN: Edil San Felice provides maintenance services primarily to highways and airports (substitution of safety Road Maintenance of highways, To be a national leader maintenance bridges, viaducts, airport, etc.. barriers, road signs, damage repairs, etc.), improving
Slide 7: What We Do
WHAT WE DO Edil San Felice provides a complete offer of infrastructure services of Ordinary and Extraordinary Maintenance works primarily for highways (like supply and installation of safety barriers and road signs) but also for other infrastructures (e.g. Airports). While the ordinary maintenance g
Slide 8: Full Control Over the Awarding and Execution Process
FULL CONTROL OVER THE AWARDING AND EXECUTION PROCESS PARTICIPATION We have a Tender&Order’s team with a high degree of specialization and AWARDING a long experience ESF has signed 76 executive contracts for a total value of Eu94,2mn (1) Average of 2 months between tender awarding and project start E
Slide 9: Our Main Projects
OUR MAIN PROJECT GARGASSA VIADUCT CONTROL ROOM ALENTO VIADUCT MOR CASSINO POLYTECHNIC (Liguria) (Lazio) (Abruzzo) (Campania) UNIVERSITY OF MILAN Value: c.a. € 4 mn Value: c.a. € 1.5 mn Value: c.a. € 5.4 mn Value: c.a. € 8.6 mn (Lombardia) Ongoing Ended Ongoing Ongoing Value: c.a. € 13 mn Extraordina
Slide 10: ESF Sector & Market Highlights
2. ESF SECTOR & MARKET HIGHLIGHTS 10
Slide 11: The Italian Infrastructure Maintenance Market
THE ITALIAN INFRASTRUCTURE MAINTENANCE MARKET The Italian infrastructure maintenance market has unique characteristics, due to the country's history and configuration, and offers great opportunities, especially with the support of European funds and renewed interest in safety and sustainability. The
Slide 12: Critical Infrastructure in Crisis
CRITICAL INFRASTRUCTURE IN CRISIS Edil San Felice is primarily active in the maintenance works of highway infrastructures, with some minimal exposure also to airports. In the former vertical, Autostrade per L’Italia and ANAS are the main players, representing, respectively, 36% and 24% of the total
Slide 13: ESF Half-Year Overview
3. ESF HALF-YEAR OVERVIEW 13
Slide 14: Edil San Felice in a Snapshot
EDIL SAN FELICE IN A SNAPSHOT Total Backlog New orders Revenues EBITDA Net Income €136.1mn €12.8mn(1) €51.6mn €9.4mn €6.5mn Hard Backlog: € 84.9mn From January to Higher than Positive despite a Maintained positive Soft Backlog: € 51.2mn March 2025 FY23 revenues (+12,7%) significant increase in servi
Slide 15: Snapshot of FY24 Results: Backlog
SNAPSHOT OF FY24 RESULTS Backlog (in €mn) ~136.1 as at 31 Dec 2024 Hard Backlog +67% vs. 81.5 FY23 23,1 € 18,7 € Hard Backlog: € 84.9mn Soft Backlog: € 51.2mn (1) 43,1 € FY23 FY24 Framework Agreements Executives Orders 315 239 223 150 15 (1) Includes only Framework Agreements of Extraordinary Mainte
Slide 16: Snapshot of FY24 Results: Production Value and EBITDA
SNAPSHOT OF FY24 RESULTS 51.597 € 2024 45.802 € 2023 Value of Production (in €mn) 51.6 +12,65% vs. 45.8 FY23 Higher than FY2024 revenues 2024 2023 Ebitda (in €mn) 11.632 € 9.4 9.427 € 18,3% 25,4% -19% vs. 11.6 EBITDA margin% EBITDA margin% FY23 Positive despite a significant increase in services and
Slide 17: Snapshot of FY24 Results: Net Debt
SNAPSHOT OF FY24 RESULTS FY2024 FY2023 (Figures in thousands of Euro) Net fixed assets 14.335 12.198 Trade working capital 21.013 16.322 Net working capital 21.851 14.639 Net debt (cash) (2.821) (5.092) Net Debt (in €mn) ..2025 2.8 + 5 Tax Credit vs. 5.1 5.092 FY2023 2.820 Cash Positive 2024 2023 17
Slide 18: ESF Overview: Key Facts
4. ESF ESF OVERVIEW KEY FACTS 18
Slide 19: Key Facts
KEY FACTS 1. EDIL SAN FELICE ESTABLISHES TWO NEW BUSINESS UNITS The corporate reorganization of Edil San Felice involves the establishment of two Business Units: i) Business Unit Operations (“BUOP”) for the management and implementation of orders relating to the ordinary and extraordinary maintenanc
Slide 20: Key Facts: Road to 2025
KEY FACTS DEC – 24: Edil San Felice obtained a contract from ANAS for a total of €30 million, as part of a temporary grouping with Fenix Consorzio Stabile Scarl and Lgm Srl. Edil San Felice's share for the execution of the works, amounting to €12.9 million, further consolidates its position in the s
Slide 21: Sustainable Supply Chain Management; Innovation & Digitalization
SUSTAINABLE SUPPLY CHAIN MANAGEMENT ESF is involved in some projects to ensure circular management of materials and sustainable procurement: Return of used batteries with the aim Using Mapei’s sustainable mortars Production and consumption of renewable energy with of regenerating them In building wo
Slide 22: Appendix
7. APPENDIX ar Foard 22
Slide 23: Balance Sheet
Balance Sheet (i) Net Working Capital is calculated as the sum of inventories, trade receivables, trade payables, other current assets, other current liabilities, tax receivables and payables, and net accruals and deferrals. Net Working Capital is not identified as an accounting measure by the relev
Slide 24: Profit & Loss
Profit & Loss (i) As a percentage of Production Value (ii) EBITDA is the operating result before income taxes, financial income and expenses, depreciation and amortisation of fixed assets, impairment and provisions for risks and charges. EBITDA is not identified as an accounting measure under nation
Slide 25: Financial Debt
Financial Debt (i) As a percentage of Production Value (ii) EBITDA is the operating result before income taxes, financial income and expenses, depreciation and amortisation of fixed assets, impairment and provisions for risks and charges. EBITDA is not identified as an accounting measure under natio
Slide 26: Cash-flow statement
Cash-flow statement As at 31 December ‘Cash Flow 2024 2023 (Figures in thousands Euro) EBITDA 9.427 11.632 {nventories (77.058) (2.820) Trade receivables 5.666 (6.912) Trade payables 700 938 A of Operating Working Capital (4.692) (7.795) Other current assets 566 (458) Other current liabilities 102 1
Slide 27: Question & Answer
QUESTION & ANSWER CONTACTS Thank you for the attention! Via On.le Davide Barba S.C. 80035 - Nola (NA) +39 081 213 86 info@edilsanfelice.it ir@edilsanfelice.it